The institutional side of the FX business is becoming a key diversifier for the tech side of the industry.

oneZero Financial Systems has made significant waves in the FX/OTC technology marketplace with numerous updates to its product lines and a marked focus on global expansion over the past year. Since the company moved its European headquarters to Cyprus in early 2017, however, oneZero’s presence in the London market has been nominal at best.

The technology provider’s transition to Europe came at the same time that many companies were evaluating the long-term viability of the region due to concerns of constricting leverage and the pressure Brexit may put on the ability to address the broader EU market from London.

In a move that will certainly catch the attention of many in this FX/OTC space, oneZero Financial Systems has renewed its investment in the United Kingdom with the acquisition of new talent, exclusively reported by Finance Magnates. oneZero has set the foundation for a new local team with the addition of Mukrram Ali.

Growing Institutional Presence

The development is noteworthy as Mr. Ali’s background and new role represent a shift from oneZero’s previous presence in the UK being primarily operations driven, to a new focus on business development and growth within the strong base of institutional business within this market.

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Mr. Ali represents a veteran addition to oneZero’s UK team. He joins the group from PrimeXM, having worked as its Director of Business Development for Europe, Middle East, and Africa (EMEA) region. His expertise in the region will be a tremendous asset in the new role at oneZero.

The addition of Mr. Ali represents an evolution in oneZero’s focus on its UK presence, as well as a sign of affirmation for the broader industry that the London market remains a top priority for industry leaders in the FX/OTC space. Consequently, his hire has signaled a broader rebuilding effort in London for oneZero, based out of a new office in Mayfair.

Andrew Ralich, CEO of oneZero Financial Systems, commented to Finance Magnates: “oneZero’s growing presence in the institutional side of the FX and OTC market warrants a solid presence in the critical London market. We are very excited to have Ali on the team, equipped with oneZero’s leading software solutions and direct data center presence in LD4. Despite efforts to refocus and optimize our operational base in Europe in 2017, London is an area we have remained committed to and intend to invest in for many years to come.”

Business Development via New Mayfair Office

oneZero’s European presence, as well as numerous others in the market, has seen noteworthy adjustments in recent years brought on by a dynamic regulatory climate. Indeed, the group’s European operations have been relocated to Cyprus, while Q2 2017 saw a number of key expansions in Asia.

While oneZero has maintained a physical technology presence in London dating to 2014, it has lacked business development personnel in its UK entity for some time. In line with the expansion of business development personnel in the region, oneZero has also committed further investment into its dedicated hardware and infrastructure in London’s primary financial data center, Equinix LD4.

Prior to this new role, Mr. Ali also worked in a senior FX sales position at MahiFX for over three years dating back to 2012. Additional stops included Valbury Capital and FXCM, having worked in multiple FX sales-oriented positions since 2009.